Asked by Diedre McCoy on Jul 21, 2024
Verified
____ is typically, but not always, the final stage of the internationalization process.
A) Direct foreign investment
B) Exporting
C) Licensing
D) Local assembly and packaging
E) A joint venture
Internationalization Process
The strategic process businesses undergo to expand operations and market presence across international borders, adapting to different cultural, legal, and economic systems.
Direct Foreign Investment
Investment made by a company or individual in one country in business interests in another country, in the form of either establishing business operations or acquiring business assets in the other country.
- Identify and sequence the stages of the internationalization process for businesses.
Verified Answer
SG
sanchit gangwalJul 27, 2024
Final Answer :
A
Explanation :
Direct foreign investment is often the final stage of the internationalization process as it involves the establishment of a physical presence in a foreign country, such as setting up a subsidiary or acquiring a local company. This is typically done after a company has already engaged in exporting, licensing, local assembly and packaging, or joint ventures to test the market and build relationships in the foreign country.
Learning Objectives
- Identify and sequence the stages of the internationalization process for businesses.